McConnell Introduces Rescue Package with $2400 Checks for Families, $500 for Kids

by John Carney

Senate Majority Leader Mitch McConnell on Thursday evening introduced the coronavirus economic rescue legislative package.

The plan largely reflects the proposal outlined earlier by Breitbart news.

Cash for Taxpayers. The direct cash payments go to taxpayers based on 2018 tax returns. Individuals will receive up to $1,200, with the amount scaling down for individuals earning $75,000 or more. Those earning more than $99,000 will be ineligible.

More for Families. Married couples will get up to $2,400 and an additional $500 for every child. Payments decline after $150,000 of income, with the cap placed at $200,000.

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